Bonanza Re Ltd. (the “Issuer”), is a Bermuda exempted company incorporated on 3 November 2016 with registration number 51990 and registered office address at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda.

Bonanza Re Ltd. – Series 2020-1 Class A- $200,000,000- Principal-at-Risk Variable Rate Notes due February 20, 2024;

The Notes are exposed to the perils of Named Storm and Severe Thunderstorm in the “Covered Area.” The purpose for issuing each Class within a Series of Notes is to collateralize and fund the obligations of the Issuer under the respective Reinsurance Agreements pursuant to which it will provide the Ceding Insurer with a source of multi-year excess of loss reinsurance.